Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.3
(20 Ratings)

Prosper PayOff

Advertiser Disclosure

Repaying Prosper loans is straightforward and flexible, allowing borrowers to schedule ACH payments through their online account to ensure timely monthly payments. Borrowers can also make additional payments manually if they prefer. Prosper offers repayment terms ranging from 2 to 5 years, and the monthly payment amount depends on the loan amount, term, and APR. Borrowers should ensure their payments are made by the due date to avoid late fees and maintain a good credit standing.

prosper repay

Make Payments Online Through the Bank Account

  1. Log Into Your Account. Access your Prosper account through the Prosper website.

  2. Go To Payments Section. Navigate to the payments section of your online account.

  3. Schedule ACH Payments. Choose the option to schedule ACH payments.

  4. Enter Payment Details. Input the amount and date for the payment, ensuring it meets the monthly bill due date.

  5. Confirm Payment. Review and confirm the payment details to complete the transaction.

Make Payments Through the App

  1. Open The App. Launch the Prosper app on your device.

  2. Tap Make An Additional Payment. Navigate to the payment section and tap on "Make an Additional Payment".

  3. Enter Amount. Input the amount you wish to pay.

  4. Follow Instructions. Follow the on-screen instructions to complete your payment.

Make Payments Through a Different Bank

  1. Obtain Payment Details. Gather all necessary information, including your loan account number and the Prosper account details where the payment should be sent.

  2. Log in to Your Bank Account. Access your bank’s online banking portal by logging in with your credentials.

  3. Set Up a New Payee. Navigate to the bill pay or transfer section of your bank's website. Select the option to add a new payee and enter the Prosper payment details, including the bank account number and routing number.

  4. Schedule the Payment. Choose the payment date and enter the amount you wish to pay. Confirm the details and schedule the payment. You can choose to make a one-time payment or set up recurring payments if your bank supports this feature.

  5. Confirm and Track the Payment. After scheduling the payment, confirm the transaction. Keep an eye on your bank account to ensure the payment is processed and funds are deducted.

Via ATM

  1. Locate an ATM. Find an ATM that supports loan payments. Some banks and financial institutions offer this service.

  2. Insert Your Debit Card. Insert the debit card linked to your bank account into the ATM.

  3. Select the Payment Option. Navigate through the ATM menu and select the option for making bill payments. 

  4. Enter Payment Details. Provide the necessary details, such as your Prosper account number. You might also need to enter the amount you wish to pay.

  5. Confirm and Complete the Transaction. Review the payment details for accuracy. Confirm the transaction to complete your payment.

Additional Resources

FAQ

Does Prosper have pre-payment penalties?

No, Prosper doesn't have a pre-payment penalty. However, the company charges an origination fee.

What happens if I get approved for a loan but don't use it?

Your credit will go down, and if you took your finance with a co-signer, they would be responsible for paying off the debt.

How long should you wait between loans?

Prosper customers can take two loans at a time. However, you should wait six months to take more.

Offers
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.28
(20 Ratings)
Recommended FinScore™
0
300
650
1000
2000.00 – 50000.00 $
Rate
i

Interest rate

8.99 – 35.99 %
Term
i

Loan term for the financial product

to 5 years
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Finanso
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Interest rate

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 5 years
Apply
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 3 years
Apply
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Prosper reviews 2025
Leave feedback
2.2
Cons
This is the worst credit card I've ever had. I had a pending charge lingering on my account for over a month, and despite sending them a screenshot of my online bill as proof, they claimed they couldn't see it. I called numerous times, and each time, they denied any knowledge of pending charges. Upon checking my account recently, there is no trace of the pending charge, only a balance due for the same amount, along with an added finance charge. I'm considering paying it off and closing the account. I plan to research further to identify the parent bank and file a complaint with the Better Business Bureau. Their service is so poor that I believe they deserve a rating lower than one star, or perhaps the option to leave no rating at all.
Complain
1.4
Cons
This company has been a terrible experience. They initially approved my loan and then abruptly canceled it, citing a fraud alert placed on my credit bureau. It's essential to clarify that this wasn't a credit freeze; it was merely an extended alert with my phone number for verification before extending credit.
Complain
4.6
Pros
The online application process was incredibly straightforward and uncomplicated. I believe that my prior history as a loyal customer, with a consistent record of on-time payments through direct debit, might have played a role in the ease of the process.
Complain
1.4
Cons
My transactions are repeatedly being declined without a clear explanation. They attribute it to fraud on my card, which is not accurate. This has occurred multiple times, including a two-hour shopping trip at Walmart that ended with an embarrassing rejection at the checkout.
Complain
4.8
Pros
The customer service at this place is outstanding. The staff is not only friendly but also highly professional throughout the entire process. They treat you with the utmost respect, making you feel like a part of their family. I wholeheartedly recommend this to anyone else.
Complain
4.6
Pros
The process was remarkably swift, uncomplicated, and dependable. Communication was outstanding, and I'm delighted that I chose to return as a customer.
Complain
1.8
Cons
My credit card balance is actually $541.00, not $1388.00, and I'm frustrated that they haven't updated it for the past five months. This ongoing issue is becoming increasingly tiresome.
Complain
4.6
Pros
I've applied for my third loan with Prosper, and I continue to be impressed with their smooth and speedy process. They required minimal documentation, and everything was completed in a matter of minutes. In my opinion, Prosper is the best!
Complain
4.6
Pros
The application process was straightforward. I utilized this service for my son's student loan, and we haven't encountered any issues throughout the entire duration of the loan.
Complain
5
Pros
The process turned out to be surprisingly easy and faster than anticipated. Being an existing customer, I found the entire experience to be exceptionally smooth and efficient.
Complain
Company rating
3.3
/ 5
20 reviews
Application
3.2
Support service
3.5
Mobile App
3.2
Service quality
3.3
Your satisfaction level
3.3
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